Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
February 23, 2012
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Indonesia toll projects Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’
The Court of Justice of the European Union has said Denmark’s state grant aid to the proposed Fehmarn Belt link is illegal under EU rules.
The court noted that the European Commission approved the Fehmarn project’s financing – total cost likely around the €8.7 billion - in July 2015 without a formal procedure.
Denmark is completely responsible for financing the project that will replace a ferry service. Part of the funds were to come through the European Union and its Connecting Europe Facility for tr
In India work is commencing on a new highway project that will boost transportation in the country. The US$135 million project is for a 193km highway linking Malavalli and Pavagada. The World Bank has provided some of the funding through the Karnataka State Highways Improvement Project (KSHIP). The work will be carried out by the Sadbhav-GKC consortium and will take some 30 months. The deal is being offered as a 10 year concession package, under the design, build finance, operate, maintain and transfer (DBF
